Geopolitical Conflict Sparks Market Correction Amid Iran-Israel Tensions

The geopolitical tensions involving Israel and Iran have once again triggered a market downturn. Iran's progression toward developing nuclear weapons, which Israel views as an existential threat, led to Israel launching strikes on military and uranium enrichment sites. Iran responded with drone attacks. The aftermath of the strikes is evident in market losses: billions in liquidations, a drop in Bitcoin to $103,000, and Ethereum falling to $2,445 before a rebound. Although the situation isn't deemed critical, there is an expectation of increased market volatility and unease, likely returning to previous levels once tensions subside, unless a nuclear war ensues. An alternative theory suggests that the real catalyst might be the rising value of ETH, which was targeted to be halted.